The media company faced significant upheaval at a general meeting in Jyväskylä, as the dismissal of board member Riitta Vesterinen-Virtanen sparked controversy and drew attention to internal turmoil. The meeting, rarely attracting such anticipation outside the capital region, saw Vesterinen-Virtanen removed after a vote in accordance with the board’s proposal.
The controversy stemmed from a dating relationship between Vesterinen-Virtanen and another employee, which the board viewed as a conflict of interest. However, the dismissal of a board member in a listed company is a rare occurrence and the public nature of this event sparked heated discussions at the general meeting. Various shareholders questioned the justification for the dismissal, highlighting concerns about consistency in decision-making.
Despite this internal challenge, the general meeting also approved the merger of the company’s share series, addressing practical issues and improving liquidity in the stock exchange. CEO Vesa-Pekka Kangaskorpi emphasized the benefits of combining share series to enhance trading efficiency. The decision to merge the share series received final approval from the general meeting, marking a significant change for the company’s ownership structure.
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